New Construction Shortage in U.S. Will to Persist Until 2022

Zillow | September 11, 2019

According to Zillow polling results from U.S. economists and real estate experts, while home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later. The for-sale market has experienced persistently low inventory over the past few years. A continued low rate of new construction would likely keep demand high for the relatively limited single-family homes that are available and keep many in the rental market for longer, putting price pressure on both the for-sale and rental housing markets.

Spotlight

Houlihan Lawrence is the largest broker in the area, serving Westchester, Dutchess and Putnam counties in New York, and the 15th largest independent realtor nationwide. Founded in 1888, Houlihan Lawrence specializes in luxury properties, global relocation services, and project marketing for real estate developments. The company has 24 offices and more than 1000 agents that communicate daily. Houlihan Lawrence use their strong digital footprint and listing syndication to link to a myriad of websites that offer local, regional and international exposure, reaching over 30 million buyers each month.

Spotlight

Houlihan Lawrence is the largest broker in the area, serving Westchester, Dutchess and Putnam counties in New York, and the 15th largest independent realtor nationwide. Founded in 1888, Houlihan Lawrence specializes in luxury properties, global relocation services, and project marketing for real estate developments. The company has 24 offices and more than 1000 agents that communicate daily. Houlihan Lawrence use their strong digital footprint and listing syndication to link to a myriad of websites that offer local, regional and international exposure, reaching over 30 million buyers each month.

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MARKET OUTLOOK,REAL ESTATE INVESTMENT

Cherre Announces Partnership with Clear Capital, Expanding Access to Market and Property Information for Investors

Cherre | November 10, 2022

Cherre, the leading data integration and insights platform, today announced a new partnership with Clear Capital, a national real estate valuation technology company. The partnership will allow Cherre customers to leverage Clear Capital’s expansive property analytics alongside other internal systems and application data, enabling customers to conduct more accurate modeling and better risk assessments, and identify investment opportunities more efficiently and at a lower cost. As market demand for property investment continues, the need for timely, accurate, ready-to-use property information has become even more pronounced. By partnering, mutual customers will have seamless access to Clear Capital's complete set of property information and analytics, including insights from a wide range of residential properties and 93% of all listings in the U.S., updated daily. Additionally, Clear Capital opens the door to insights on properties that are often unattainable, thus removing the barrier to transaction information in non-disclosure states. Erlind Dine, head of data partnerships at Cherre, said Clear Capital’s hard-to-source property insights will help provide additional value to Cherre customers. By combining Clear Capital’s comprehensive property analytics with data sources within Cherre, we’re able to make the most up to date, extensive datasets available to our customers. “Both Clear Capital and Cherre are devoted to granting our customers the highest-quality analytics, By providing seamless integration between various platforms, customers are guaranteed accurate and robust underwriting tools that drive smarter, data-driven decisions for acquisitions and property management." -James Marshall, director of real estate analytics products at Clear Capital Clear Capital's data engineering and machine learning capabilities lead the valuation space, with unique approaches to sourcing, aggregating, and analyzing U.S. residential real estate to provide insight on property value with accompanying contextual data. Cherre specializes in the ingestion, standardization, resolution, integration, and delivery of real estate data from internal, third party, and public data sources. Cherre’s growing Connections Marketplace allows customers to seamlessly connect new data sets, providing a holistic portfolio view contextualized and benchmarked against market-wide intelligence. About Cherre Cherre is the leader in real estate data and insight. They connect decision makers to accurate property and market information, and help them make faster, smarter decisions. By providing a unique “single source of truth,” Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is headquartered in New York City. About Clear Capital Clear Capital is a national real estate valuation technology company with a simple purpose: to build confidence in real estate decisions to strengthen communities and improve lives. Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. Our commitment to excellence – wherever it leads, whatever it takes® – is embodied by our team members across four brands (Clear Capital, Clario, CubiCasa, and REO Network) and has remained steadfast in this pursuit since our first order in 2001.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Chime Acquires Rentancy to Extend Application of Award-Winning Platform to Property Management Market

Chime Technologies | September 29, 2022

Chime Technologies, an award-winning real estate technology innovator, today announced it has acquired Rentancy, a provider of innovative property management software and services. With a shared mission to streamline and automate the time consuming, manual tasks typically associated with the real estate process and an unwavering commitment to innovative technology development, Chime and Rentancy will deliver a more comprehensive platform to address the entire real estate process from end to end. Designed to improve property rent collection, accounting, and cash flow management for both residential and commercial properties, Rentancy’s unique software and services help real estate professionals stay focused on delivering stellar client service and growing their business. Rentancy’s flexible business model has proven to help boost profits, unleash cash flow, and simplify operations for customers across the UK. The addition of Rentancy to the robust Chime platform will enhance and streamline back-office capabilities and tenant sourcing operations to support the entire real estate lifecycle. Through this integration, Chime is well poised to deliver the technology solutions agents need to be successful in property management, a global market projected to grow to nearly $20 billion in 2022. This news comes on the heels of several new Chime products unveiled this year including the Enterprise Platform, Active Recruiting, and Social Studio, to support the unique needs of Chime’s nearly 40,000 active users. The acquisition provides opportunity for geographic expansion across EMEA and underscores a commitment to delivering an end-to-end real estate business platform, purpose-built to help strategic real estate professionals succeed in an increasingly competitive market. "Our mission is to provide the best technology tools and collaboration platform to help EVERY real estate professional globally thrive and prosper in today's highly competitive, technology-enhanced world, With Rentancy, we are at the beginning of a long-term product and business development journey expanding into European markets and global property management SaaS space." -Joe Chen, CEO, Chime The natural synergy between Rentancy and Chime was clear from the start and we are delighted to be part of the team, By combining our property management software and services with Chime’s award-winning sales acceleration platform, we can offer a complete real estate business solution that streamlines operations and empowers our clients to focus on building their business,said Kurt Lyall, Founder & CEO Rentancy. About Chime Technologies Chime is an award-winning real estate technology innovator headquartered in Phoenix, Arizona. Our AI-powered platform empowers real estate professionals, teams, and brokerages with the tools they need to automate lead generation operations, drive conversions, and grow their business.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Eastdil Secured and Project Destined Launch Commercial Real Estate Bootcamp

Eastdil Secured | October 06, 2022

Eastdil Secured, L.L.C. (“Eastdil Secured”), the global real estate investment bank, and Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship and real estate, have launched their fall commercial real estate bootcamp. The program stems from Eastdil Secured’s existing partnership with Project Destined, and consists of a five-week “bootcamp” training program, where 50 students across the U.S. will learn from more than two dozen Eastdil Secured professionals and mentors about key topics in the commercial real estate industry, including: Eastdil Secured’s History and Its Business Interviewing, Recruiting, and Professional Use of Social Media Year One as an Analyst at Eastdil Secured How to Pitch Yourself and a Deal Professional Networking This bootcamp will provide an unprecedented opportunity for Project Destined students to learn from leaders in commercial real estate investment banking, as well as earn both an ARGUS certification from Altus Group and a Financial Modeling Certification through Project Destined’s partnership with NYU Schack Institute of Real Estate and Columbia Graduate School of Real Estate. In addition to weekly bootcamp sessions, accepted fellows will receive scholarships to participate in Project Destined’s paid virtual internship and bootcamp activities, including visits to Eastdil Secured offices across the U.S. “At Eastdil Secured, creating opportunities across our industry for diverse candidates is a longstanding commitment. Our ongoing partnership with Project Destined has allowed us to deliver on that, while helping to develop the next generation of leaders in commercial real estate, Over the last year, we have watched the transformation of the students we have sponsored through Project Destined, and the training, access and experience this offers participants will serve them for years to come. We look forward to expanding our partnership with Project Destined with this bootcamp program and watching its alumni succeed – no matter where their careers take them.” -Roy March, CEO of Eastdil Secured As part of the bootcamp program, Eastdil Secured professionals and mentors will prepare, engage and guide students one-on-one to help them develop a range of fundamentals including financial, technical, presentation and leadership skills designed to aid their search for internships, certifications and full-time employment in the commercial real estate industry. We are excited to expand our partnership with Eastdil Secured and prepare this incredible group of students for a career in commercial real estate, The real estate industry provides unparalleled opportunities to build a great career while also impacting your community. The network, skills and access that this bootcamp provides will ensure that these students are ready to take on this opportunity,said Cedric Bobo, Co-Founder of Project Destined. Following the successful sponsorship of a New York-based Project Destined team in Summer 2021, Eastdil Secured helped Project Destined serve more students by sponsoring three teams for Spring 2022 in New York, Los Angeles and Atlanta. Eastdil Secured is also delighted to announce that two Project Destined program alumni will join the firm as full-time analysts in 2023, following internship program placements in New York and Santa Monica, California. Since its founding in 2016, Project Destined has worked with more than 3,500 participants in 35 cities across the U.S., Canada, the United Kingdom and Europe. Eastdil Secured’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship and real estate to students from underserved communities. About Eastdil Secured As the most relevant and trusted advisor in the commercial real estate capital markets, Eastdil Secured creates value for clients through creative, actionable ideas and flawless execution. With an unrivaled combination of capital markets expertise and in-depth understanding of real estate fundamentals, Eastdil Secured delivers best-in-class advice on mergers and acquisitions, sales, joint ventures, debt placement, structured credit and loan sales to investors around the world. Headquartered in New York, Eastdil Secured has a broad global footprint to support clients with offices across the United States in Atlanta, Boston, Charlotte, Chicago, Dallas, Los Angeles, Miami, Orange County, San Francisco, Seattle, Silicon Valley and Washington, D.C., and internationally in Dubai, Dublin, Frankfurt, London, Milan, Paris, Hong Kong and Tokyo. About Project Destined Project Destined is a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. Project Destined partners with corporations, schools, and non-profits to deliver training using its proprietary e-learning platform and love courses. Project Destined leverages a work-based learning approach where students work with executives to evaluate live deals in their community and present them in a pitch competition to industry leaders. Scholars emerge with the skills, confidence, experiences, and networks that prepare them to secure a strong first job and become stakeholders in their community.

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